Yes and point taken, my only comment related to the specific instruments employed to trade the systems.  As long as you fully understand the leverage involved with futures as your questions below simply raised some concerns. Take care

Don't futures exprire next week? So can hold them until next Thursday close and rollover next week?

please don't take this the wrong way but my "plan" is to trade the system as i've been doing since being a member. if the system alerts a buy then i buy.  if it stops out then i sell, no questions asked.  i'm merely asking how to roll over a contract because i've never done it before.  i've been a member here long enough to know to "trade your plan" but when it comes to the system i'm just following it.  

Both the March and June Contracts are trading currently (you can rollover now if you so choose and not wait until tomorrow).  You would simply sell the March and buy the June contract IF that's in agreement with your outlook and plan.

I would caution anyone from trading futures/options  without a full understanding of such instruments as they deal with substantial leverage.   Please remain prudent. 

Thursday Newsletter

hello,

waited till after hours to  ask as i did not want to disturb anyone if they were busy trading during the regular session but...  could someone please instruct me on how to roll over my /MES contracts?  will i need to sell all my contracts before tomorrow's close and then buy back the same amount of contracts (the june contracts) once the futures reopen at 6pm this coming sunday?  also, i notice that /ES contracts tend to be like 40-50 points higher right after the rollover.  so does that mean i will be losing a lot of money buying at a higher price?  forgive me for my ignorance, lol.  never had to roll over a contract before.  thank you for your help!

Flight to safety 

AAPL - Chart Link

According to Volume Leaders - there have been massive blocks this entire week across many Bond ETF's 

something to keep your eye on for credit stress...

HYG -> 1.81M options traded today, most ever in a single day (Jun 13th 2022 had previous record with 1.78M). Total put volume was 1.64M which is also a record (1.61M HYG puts traded on Jun 13th 2022). By comparison, HYG was -3.3% on Jun 13th 2022 and only -56bps today

There she be -$3000 print 

reminds me of Germany's post WW1 strategy of printing their way out of the Allies reparations placed on them.  I have some $100,000 post war Reichsmarks to prove it.

Hilton was a bell hop at a hotel in Germany and the owner tipped him a gold coin which several years later he used to buy the hotel from the owner when he became insolvent and had to sell and no-one had anything of value left.  You know the rest of the story.

Maybe that is the strategy to pay off the debt the congress critters have voted for over time.

Nutso for sure. So what happens when the lights go out ?  One EMP and your back to the stone age.
As an example I heard in the Florida cyclone, no power or internet for 10 days.  How could you purchase anything in that time, well cash was king.  No credit cards accepted.

I remember when AMC was supposed to go to $500k, or other ridiculous predictions. 

Here's a quarterly chart of silver - sort of like a 45 year ascending triangle

two major peaks at $50, once in the 2011 blow off move, and in 1980 when the Hunt Brothers tried to corner the  silver market and almost went bankrupt. 

That great movie from 1983 with Eddy Murphy, where those guys tried to corner the frozen orange juice market, I wonder if they got that idea from the Hunt Brothers since it was only a couple years before the move LOL

smoking that hopium again 

$BTCUSD - Chart Link- nice bounce and rejection at underside of 200 day MA

that nutso Michael Saylor - a couple weeks ago I heard him talking about the strategic Bitcoin reserve of 200,000 Bitcoins the Gov set up - his comment was that those Bitcoins would eventually be able to pay off the US National Debt and would be worth 100 trillion dollars

LOLOL give me a F-ing break.  I don't know how he's even allowed to make such statements being a public CEO. Bitcion would have to be worth 500 million for that to happen LOL

Here's the facts, if Bitcoin is ever worth 500M, then we are probably in a mad max scenario - probably better to have guns, gold, food

he also made the statement that Bitcoin is the most reliable financial instrument for gaining value

Stop on remaining raised above break even - barring a gap down. It's not exactly the best bargain in the space; that would probably be SVM. 

NVDA - Chart Link has held up relatively well after finding support in that demand zone 3 days ago

yeah I've never had good luck holding pm mining stocks into earnings